Record-setting IPO

Record-setting IPO

Mining, financial stocks drag FTSE 100 lower; Clinigen Group tumbles

  • Auto battery maker and #Tesla Inc supplier LG Energy Solution applied for preliminary approval of an initial public offering (IPO) that could raise $10 billion-$12 billion in South Korea's biggest-ever listing.
  • London's #FTSE100 index underperformed its European peers, weighed down by heavyweight financials and mining stocks, while Clinigen Group eyed its worst day on record after a downbeat earnings update.
  • #MicroStrategy Inc., already well on its way to transforming from a software company into a #Bitcoin repository, just sold junk bonds that give investors a novel way to put money into the #cryptocurrency.

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